Max Life Insurance has launched its new product -‘Max Life Monthly Income Advantage Plan’ – a traditional, participating and money back life insurance plan that provides guaranteed monthly income for 10 years and lump sum benefit on maturity. The plan, designed to cater to long term financial goals, also offers policy continuance benefit that ensures that all the policy benefits continue as originally planned in addition to lump sum death benefit provided as immediate financial support in case of an eventuality.
- Enhanced protection through riders –
i) Max Life Term Plus Rider for additional risk coverage
ii) Max Life Accidental Death & Dismemberment Rider that provides additional lump-sum benefit in case of death/dismemberment caused by accident
- Tax Benefit – on premiums paid and benefits received as per the prevailing tax laws